Hollysys Automation Technologies Target of Unusually Large Options Trading (NASDAQ:HOLI)

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) was the target of unusually large options trading activity on Monday. Traders purchased 2,436 put options on the stock. This represents an increase of 878% compared to the typical daily volume of 249 put options.

Institutional Trading of Hollysys Automation Technologies

Hedge funds have recently made changes to their positions in the stock. FourWorld Capital Management LLC bought a new stake in shares of Hollysys Automation Technologies during the 4th quarter worth $26,000. Blue Trust Inc. raised its position in Hollysys Automation Technologies by 665.2% in the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 918 shares during the period. Wolverine Asset Management LLC purchased a new position in Hollysys Automation Technologies in the 4th quarter worth $190,000. Cantor Fitzgerald L. P. purchased a new position in Hollysys Automation Technologies in the 4th quarter worth $232,000. Finally, Lester Murray Antman dba SimplyRich purchased a new position in Hollysys Automation Technologies in the 4th quarter worth $259,000. 78.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Hollysys Automation Technologies in a research note on Wednesday, June 19th. They issued a “buy” rating on the stock.

Hollysys Automation Technologies Stock Performance

NASDAQ HOLI opened at $21.87 on Tuesday. Hollysys Automation Technologies has a 1 year low of $16.25 and a 1 year high of $27.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.02 and a quick ratio of 2.80. The stock has a market capitalization of $1.36 billion, a PE ratio of 18.07 and a beta of 0.47. The company’s 50 day simple moving average is $22.78 and its two-hundred day simple moving average is $24.66.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its earnings results on Thursday, May 16th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Hollysys Automation Technologies had a net margin of 9.52% and a return on equity of 6.39%. The business had revenue of $173.47 million for the quarter.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.